The Oasis Network has two main components, the Consensus Layer and the ParaTime Layer.
The Consensus Layer is a scalable, high-throughput, secure, proof-of-stake consensus run by a decentralized set of validator nodes.
The ParaTime Layer hosts many parallel runtimes (ParaTimes), each representing a replicated compute environment with shared state.
Operating a ParaTime requires the participation of node operators, who contribute nodes to the committee in exchange for rewards. ParaTimes can be operated by anyone, and have their own reward system, participation requirements, and structure.
As a node operator you can participate in any number of ParaTimes. While there are a number of ParaTimes under development, below are a few key ParaTimes that you can get involved in today. For operational documentation on running a ParaTime, please see the section on running a ParaTime node for node operators.
An Oasis Foundation developed ParaTime that will enable a bridge to Ethereum and Confidential Smart Contract support.
Leading Developer: Oasis Protocol Foundation
Status: Planning incentivized testnet
Tesnet Launch Date: June 2021
Mainnet Launch Date: TBA
Sign Up: here
Slack Channel: #cipher-paratime
Requires SGX: Yes
Secure and stable 2-way token bridge between the Oasis Network and Ethereum with full support for the transfer of ROSE tokens from the Oasis Network to Ethereum
User-friendly web UI for swapping tokens
Confidential Smart Contract support
Fully decentralized with node operators distributed across the world
Oasis ROSE tokens will be the native token used in the ParaTime for gas fees
Support for WebAssembly smart contracts
Support for confidential compute
The ParaTime will release tokens on-chain to reward nodes for participation.
The reward program is 2 years long, and tokens will be released per epoch.
The reward will be 10~20 ROSE tokens per entity per epoch, where the Oasis Protocol Foundation will make the final decision on the reward size upon the testnet launch.
Incentivized testnet with ROSE tokens delegated by the Oasis Protocol Foundation to testnet participants based on performance (rewards can be found here).
A self-contained EVM compatible ParaTime developed by Second State that allows developers to quickly build DApps on the Oasis Network. The Oasis-Eth ParaTime has support for the entire solidity toolchain, but currently is not connected to the Ethereum Network
Leading Developer: Second State
Status: Open for Enrollment
Tesnet Launch Date: January 2021 (Complete)
Mainnet Launch Date: Late February 2021
Sign up: here
Slack Channel: #oasiseth-paratime
Requires SGX: No
Self-contained, full-featured Ethereum development environment built on top of the Oasis Network to take advantage of scalability, affordability, and privacy benefits
Full support for all current Ethereum 1.0 smart contracts, DApps, developer tools, and libraries via EVM runtime and tooling
Full support for all next-gen Ethereum 2.0 smart contracts, DApps, developer tools, and libraries via Ewasm runtime and tooling
Full support for Solidity
Gas costs orders of magnitude lower than Ethereum
Confidential smart contract support launching soon
Additional features TBA
OETH native gas tokens distributed as rewards for Oasis Ethereum ParaTime node operators
There is a fixed total supply of 21 million OETH. It is deflationary as the network burns gas. There is no token sale, nor investors, nor pre-mine. All tokens are awarded over time to node operators, developers, and the community
Additional rewards TBA
2.0 GHz x86-64 CPU
CPU must have AES-NI support
2 GB ECC RAM (4GB recommended)
500 GB High Speed Storage (SSD recommended)
Oasis Lab's Parcel ParaTime is also under development. If you're a developer and would like to start building applications on the Oasis Network with the Parcel SDK please sign up here.